Equity Market Update : 27.11.2018

Equity Market Update : 27.11.2018 



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Sensex, Nifty open lower; Metal, FMCG stocks weigh
27/11/2018 09:56
Indian equities opened in negative terrain on Tuesday, led by decline in Metal and FMCG stocks, tracking bearish trends across global markets. Overseas, the Asian stocks were mixed after US President Donald Trump quashed hopes of a trade truce with China, dampening risk appetite across the region. On Monday, Indian benchmark indices ended with sharp gains over 350 points amid recovery in Asian markets, dip in oil prices and buying in FMCG and banking stocks. Among individual stocks, shares of Bharti Airtel ended 2.1 per cent higher at Rs 335 a piece on BSE after the telecom operator said its African unit has appointed global investment banks for a proposed initial public offering (IPO) on an international stock exchange. The rupee traded on a firm note on Monday rising to 70.30 per dollar in intra-day trade against its previous close of 70.69 against the greenback. At 9:30 hours, the 30-share benchmark index was trading at 35310.36, down by -43.72 points


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